Details

For Sale Offers invited overNZD $559,000

Current lease ends February 2020 with a new lease in place to February 2021

Description

Investment with a 7% plus return

For Sale - Negotiation over $559,000

View - By appointment

The vendors have other business opportunities and are keen to move this one on, with tenants paying $780 per week and mortgage rates sitting so low why wouldn't you purchase and enjoy the 7% plus gross return?

This tidy six-bedroom student rental property has tenants in place till February 2021, tidy property with tidy updated kitchen and bathroom. In the house are three double bedrooms and a tidy bathroom which has a shower, bath and vanity with separate toilet plus a separate laundry room. The further three double bedrooms are located in a modern substantial sleepout which is fully consented and also contains a separate shower and toilet. All this is set on 658sqm of TC1 land, alongside the oversized double garage. Rented until February 2021 at $780 per week, all professionally managed by A1 property management who would be keen to continue.

Summary:

- Six double bedrooms

- Two bathrooms

- 658sqm TC1 land

- Modern sleepout

- Rented until February 2021 at $780 per week

The vendors have done a great job of turning this property into a cash flow machine, well worth a look for any investor wanting to get into the student market.

We have more student rental properties available, copy and paste the below link into a new browser to view our current listings. http://propertyinvestmentchristchurch.co.nz/residential

This property is on one standard tenancy agreement, it is NOT a room by room rental.

Please contact Angela Webb for more information or to arrange a viewing.

For any further information please contact Angela Webb via email, phone or text, we are still working hard for our vendors to get a result, we would love to hear from you.